National Bank Financial Comments on BRP Inc.’s Q3 2024 Earnings (TSE:DOO)

BRP Inc. (TSE:DOO) – Equities research analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of BRP in a research report issued to clients and investors on Thursday, September 7th. National Bank Financial analyst C. Doerksen expects that the company will post earnings of $3.30 per share for the quarter. The consensus estimate for BRP’s current full-year earnings is $13.42 per share. National Bank Financial also issued estimates for BRP’s FY2024 earnings at $12.65 EPS.

BRP (TSE:DOO) last posted its quarterly earnings results on Thursday, September 7th. The company reported C$3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.90 by C$0.31. The business had revenue of C$2.78 billion for the quarter, compared to analyst estimates of C$2.70 billion. BRP had a return on equity of 491.74% and a net margin of 8.42%.

Several other research analysts have also recently issued reports on DOO. Desjardins set a C$143.00 price target on BRP and gave the stock an “outperform” rating in a research note on Tuesday, August 22nd. DA Davidson set a C$126.00 target price on BRP and gave the company a “buy” rating in a research note on Friday, August 18th. Raymond James upped their target price on BRP from C$124.00 to C$125.00 in a report on Friday. Royal Bank of Canada upped their target price on BRP from C$138.00 to C$141.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Finally, UBS Group increased their price objective on BRP from C$179.00 to C$187.00 in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$139.50.

BRP Price Performance

Shares of DOO opened at C$101.47 on Monday. BRP has a 12 month low of C$80.87 and a 12 month high of C$122.41. The company has a market cap of C$3.62 billion, a P/E ratio of 9.12, a PEG ratio of 0.91 and a beta of 2.49. The stock has a fifty day moving average price of C$110.51 and a 200 day moving average price of C$106.64. The company has a debt-to-equity ratio of 529.83, a current ratio of 1.34 and a quick ratio of 0.20.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a yield of 0.71%. BRP’s dividend payout ratio (DPR) is presently 6.47%.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.